Which of the Following Statements Best Describes Federalism

question 5

Multiple Choice

Which of the following statements best describes federalism?

• A) Two levels of government rule the same land and people.
• B) The ultimate authority rests with the national government.
• C) The ultimate authority rests with the state governments.
• D) It does not promote self-government.
• E) It was the most commonly used form of government around the world when adopted by the Framers.

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Definitions:

Consideration Requirement

A legal principle that an agreement must involve a bargain or exchange of value between the parties to be enforceable.

Holder in Due Course

A party who has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be raised by prior parties.

Shelter Principle

A legal concept that allows a person who receives goods in good faith without knowledge of a defect in the title to sell them with a clear title.

Holder

A party in possession of a negotiable instrument.